Bangko Sentral ng Pilipinas
The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines.
Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2
Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2
Top sectors who took out loans are merchandise and service exporters, and power companies.
Philippine banks anticipate loan growth, steady NPL outlook
Most foreign and large banks anticipate their NPL ratios to be below 5%.
Philippine central bank cuts reserve requirement ratios
For universal and commercial banks, the RRR has been reduced to 7%.
Cash remittances from the US, Saudi Arabia, and the UAE grew.
Cash remittances from the US, Saudi Arabia, and the UAE grew.
GoTyme Bank partners with BSP to enable coin deposits
GoTyme Bank is reportedly the first bank partner to be integrated in the CoDMs.
Philippine central bank welcomes new monetary board member
Querubin was president and CEO of UCPB from 2003-2007.
Maybank kicks off Islamic banking operations in the Philippines
It is the first commercial bank in the country to get an IBU license.
PH banks’ loans up 10.4% in July
Growth of loans to residents slowed over the month.
Cambodia, Philippines ink MOU for closer financial cooperation
Representatives participated in a bilateral meeting to discuss macroeconomic and financial developments.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
PH central bank issues framework for digital payment system operators
Payment system operators are required to obtain a license from the BSP.
Philippine central bank to grant up to 4 new digital bank licenses
The moratorium for new licenses will be lifted on 1 January 2025.
Loans extended by Philippine banks up 10.1% in June
Consumer lending expanded on the back of credit card loans.
Philippine banks more wary of lending to companies
Borrowers’ net profiles and profitability reportedly deteriorated in Q2.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
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